Automotive Lithium-Ion Battery Market Forecast to Reach USD 142.51 Billion by 2030 with Rapid Growth in EV Adoption - Mordor Intelligence

Introduction

The automotive lithium-ion battery market is poised for significant expansion, with an estimated market size of USD 64.17 billion in 2025, projected to reach USD 142.51 billion by 2030. The market is witnessing steady growth driven by increasing electric vehicle (EV) adoption, regulatory pressures for zero-emission vehicles, and decreasing battery pack costs. Asia-Pacific dominates the market, while South America is emerging as the fastest-growing region. The rising focus on energy efficiency and sustainable mobility continues to boost automotive lithium-ion battery market growth, creating opportunities across multiple vehicle types and geographies.

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Key Market Trends

Market Leadership of Battery Electric Vehicles (BEVs): Battery electric vehicles (BEVs) currently hold the largest share of the automotive lithium-ion battery market, accounting for over 60% of market revenue. This dominance reflects the global push toward full electrification. Plug-in hybrid and hybrid electric vehicles also contribute to the market, especially in regions where charging infrastructure is still developing.

Declining Battery Costs: Decreasing battery costs are a major factor driving market growth. Average pack costs have dropped significantly since 2015, making electric vehicles more affordable for consumers. Among chemistries, lithium iron phosphate (LFP) leads the market in terms of share, while lithium manganese iron phosphate (LMFP) is the fastest-growing segment due to its cost efficiency and higher energy density.

Expansion of Gigafactory Capacity: The expansion of gigafactory capacity, particularly in China, the United States, and Europe, is another key trend shaping the market. This increased production capacity ensures consistent battery availability, supports just-in-time inventory for automakers, and enables rapid innovation in battery technology.

Regional Incentives and Localization: Government incentives and regulatory frameworks are further driving market growth. Policies such as the U.S. Inflation Reduction Act and EU battery regulations encourage regional manufacturing and supply-chain localization, fostering more resilient and sustainable battery ecosystems.

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Market Segmentation

By Vehicle Type
-Battery Electric Vehicle (BEV)
-Plug-in Hybrid Electric Vehicle (PHEV)
-Hybrid Electric Vehicle (HEV)
-Fuel-Cell Electric Vehicle (FCEV)

By Channel Sales Type
-OEMs
-Aftermarket

By Battery Chemistry
-NMC
-LFP
-NCA
-LMFP / LFMP
-LTO

By Cell Format
-Cylindrical
-Prismatic
-Pouch

By Capacity Range
-Less than 30 kWh
-30-60 kWh
-60-90 kWh
-More than 90 kWh

By Geography
-North America
-Europe
-South America
-Middle east&Africa
-Asia pacific

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Key Players

Samsung SDI Co. Ltd.

CATL

BYD Co. Ltd.

LG Energy Solution

Panasonic Energy

Conclusion

The automotive lithium-ion battery market is on a strong growth trajectory, driven by the rising adoption of electric vehicles, declining battery costs, and supportive regulatory frameworks. Asia-Pacific remains the largest market, while regions like South America present rapid growth potential. The market's expansion is underpinned by advancements in battery chemistry, increasing gigafactory capacity, and growing aftermarket demand.

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Industry Related Reports:

India Lithium-ion Battery Market: The report provides a comprehensive analysis of the Indian lithium-ion battery market, detailing its size and market share. It segments the market by applications, including portable devices, automotive use, and other applications. Additionally, the report offers revenue-based market size estimates and forecasts for each of these segments, providing insights into the growth potential and trends within India's lithium-ion battery industry.

Get More information: https://www.mordorintelligence.com/industry-reports/india-lithium-ion-battery-market?utm_source=openpr

North America Lithium-ion Battery Market: The North America Lithium Battery Market report provides a comprehensive analysis of the industry, segmenting it by application-including consumer electronics, automotive, industrial batteries (motive, stationary such as telecom, UPS, and energy storage systems), and other applications-and by regional market analysis, covering countries such as the United States and others. The report also offers detailed market size data and demand forecasts up to 2028 for the regions analyzed.

Get More information: https://www.mordorintelligence.com/industry-reports/north-america-lithium-ion-battery-market?utm_source=openpr

Japan Lithium-ion Battery Market: The Japan Lithium-ion Battery Market is projected to grow at a CAGR of over 11% during the forecast period, driven primarily by the automotive segment due to rising electric vehicle adoption. Advances in battery technology, such as the Japan Advanced Institute of Science and Technology's development enabling batteries to retain up to 95% capacity over five years, are boosting market potential. Japan's commitment to achieving net-zero greenhouse gas emissions by 2050 further supports the demand for lithium-ion batteries in EVs, smartphones, laptops, and other applications.

Get More information: https://www.mordorintelligence.com/industry-reports/japan-lithium-ion-market?utm_source=openpr

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This release was published on openPR.